Tata Motors

going good, so shd we book profits at 125 or wait till 150-155 from here 113

@VishalSancheti, you can book now 65% and trail because it may chance for regular flat or irregular flat if we get rejection at 119-126 again it will test 80-85..you can add at 80 if it came..

@DavidSamraj, i am short term traders for a week or two... is this breakout confirmed ? as i have taken f&o position and would exit at 118-119 levels

@VishalSancheti,yeah you can but here stop loss will be 110 as per triangle setup.. will you think here risk reward worth for this trade setup?my plan if it came to 80 we can took otherwise no trade..

gave false breakout on downside and now bounced back sharply ?

@VishalSancheti, as per trendline it false breakout bro..as per elliot it buy zone as well my trade setup buy also.

So what shd one do now at 107 level wait for 112/113 breakout out or short for 85-89

@VishalSancheti, you are welcome sir..now tata motor trading at 105.45 sir as i said it moved with in triangle till now..if it came 102-103 you can enter stop 100 if it shoot before that level you can enter after 113 with same stop..if stop hit wait for again buy 85 support is there..here my plan is looking buy only short not adviseble.thanks for comment sir..